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are a co-founder of the club for growth. you sort of subscribe to that grover norquist idea that don't raise taxes. option number two in the scenario that i put forward, republicans end up being dared to vote against the president's plan. again, forget the politics. forget what jessica said about procedurally not getting there. the point president obama is trying to make is he wants everybody to vote one way or the other, up or down. the idea is republicans will be forced to vote one way or the other on extending the push tax cuts for people making below $250,000 a year. >> yeah. ? and by definition making taxes go up on those earning above that. would republicans be forced to vote for the president's plan to avoid being blamed for rates rising on most taxpayers and going over the fiscal cliff? >> well, a couple thing, ali. first of all, i think the outlines of that deal you just described are probably where they're headed, although i don't think that mitch mcconnell and harry reid -- i hear they're negotiating maybe a little higher income threshold, so maybe not $250,000, maybe $400
predates me. >>> grover norquist on the fiscal cliff showdown and why politicians won't back down from signing his anti-tax pledge. so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah. don't say it. so you know what it is, right? yeah, yeah, don't. that's a lot of dough! ♪ [ male announcer ] switch and you could save $480 bucks wi state farm. with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look of lashes. see wow!... eyes in just one week with olay. see wow!... eyes in just one week tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung gal
it. >> our old hopes of rising above just a lost cause at this stage. grover norquist, the president for americans for tax reform is coming on the show next because almost every republican member of congress has signed his pledge not to raise taxes. we'll get his take at what is i would say a very critical juncture. >> and also estate taxes scheduled to jump from 15% to 35% with montana land values more than doubling in past decades. farmers and ranchers are up in arms because the impact estate tax would have on their ability to hang on to their land. we'll speak with one of them coming up in the next half hour. >> also weighing in is outgoing montana governor brian schitser who was a farmer and rancher himself so he should know a thing or two about that. >> plus, health care sunday the microscope right now. we'll find out if this year's winners can carry their mojo into next year. you're watching cnbc, first in business worldwide. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah,
want to bring john avlon into the conversation. i have spoken to grover norquist and wolf has spoken to grover norquist more than we have spoken to our families in the last few days. he's making an interesting philosophical point. if we let these guys go ahead with some kind of tax increase on people above $450,000, we can then move the discussion to spending. so far, the spending is a much more complicated part of the deal. it's a much harder deal to make than to arrive at what percentage to charge and at what threshold. the republicans are hoping that this debate that goes on for two months and longer is now going to go to spending. is that a good bet? >> mark that on your fiscal calendar. when jessica said to us the deal with the sequester, which has been the big open question. remember house republicans' questioning of this. when that gets moved to february, we're doing this all over again. maybe there's a chance to get our deficit and debt in line. the downside, we're going to be playing with fire again walking right up by the edge of the cliff. >> the tax rate and how much you
anything. they have stuck with their grover norquist position they're not going it raise taxes on anybody. when the whole plan "b" thing went up, they passed some spending stuff barely and when we were supposed to deal with the tax stuff at a million they couldn't even bring it up for a vote. i have no idea what mitch mcconnell is talking about. it seems to be nothing more than political posturing, but i want to say nobody is trying to put this on john boehner. it's on boehner. he's the speaker, and so it's not of a political bringsmanship or gamesmanship. it's the fact. >> it seems the strategy here, boehner obviously kind of said and i think he's been called out for this, said it's up to the president and the senate. i give up, we're leaving town. i guess now they're going to come back sunday, as if that's going to create some sense of urgency. what strikes me is the message that continues to come forward is the american people are going to -- believe that the president and democrats are showing real leadership and they will blame the republicans if this deal goes south, and yet when yo
grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000, the threshold. were we wrong or what? >> well, you know, ali, i love you, but i don't want to spend new year's eve with you and we may be doing that. i don't know. look, i still think -- i have been saying this for the last three weeks, there's going to be a deal at the 11th hour. now i'm not quite as confident as i was 24 hours ago, but, you know, as you and i have talked about many times, there's some deep philosophical disagreements here about taxes, about how much the government should be spending. i listened to the gentleman who said president obama won the election so he should get his way, but the republicans say, look, we won the house. i do want to see
'll have more on this. robert rice and the antitax activists, grover norquist. they are both here for what promises to be a spirited debate coming up in just a for minutes. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. >>> so with the u.s. now going over the fiscal cliff at midnight, drastic across the board spending cuts will automatically take effect the following day. that would be january 2nd. tom foreman is j
spoke to grover norquist, he said if he were a senator, he would vote for the deal, but robert reach, the former labor secretary said if he were a senator, he would oppose the president. you have confusion. grover norquist with the president. robert reich against the president. >> i was listening to that interview closely. we're going to have him on later again. that was quite remarkable. i think that's what you're seeing playing out here. everything doesn't fit neatly into the corners here. there are republicans who think that threshold above which people will pay extra tax is too high, doesn't bring enough revenue in, and grover norquist, i was very surprised when he told you he thinks this deal, he hasn't read it, meets the smell test and he would give approval for republicans to vote for it. >> republicans in the house tomorrow as well. stand by for a moment. the u.s. draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up
for the first time in two decades. just before 11:00 p.m., grover norquist tried to keep his infamous pledge from going obsolete, tweeting "the bush tax cuts lapsed at midnight last night. every "r" voting for senate bill is cutting taxes and keeping his or her pledge." sorry, grover, the impact of the bill is absolutely a tax hike. supporting it was not unanimous, all but five republicans and three democrats in the senate voted for it, but it was much closer in the house. 151 republicans, more than half of the gop members, voted no, including majority leader eric cantor and republican whip kevin mccarthy. at the end of the day, enough lawmakers across the aisle agreed to the deal, but at a cost of extremely strained relationships. politico reports on an encounter between speaker boehner and harry reid in the white house lobby. go [ bleep ] yourself, boehner sniped, as he pointed his finger at reid, according to multiple sources present. speaker boehner refused to bring forward a bill funding emergency aid for victims of superstorm sandy. this is how republican peter king responded this morn
norquist, republican lobbiest grover norquist even said the senate deal was an okay deal. he would vote for it if he were a senator, he said because republicans should still be part of it because -- this is a spin on his part because 84% of the bush tax cuts were still in place. and yet those tea party house reasoning wouldn't go along with grover norquist. we catholics say there is a problem when you are holier than the pope. well, that's the case with these house republicans. i don't know. congress is so broken i don't know how we can fix it other than in 2014 target every one of these tea party republicans with a even a responsible republican and throw out this congress. their goal is to destroy this country. arthur delaney will join us when we come back. >> announcer: this is the "bill press show." ♪ every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things
. grover norquist. we had an election and boehner was elected speaker now lame duck obama should get over it. >> okay, a boehner hasn't been -- boehner hasn't been elected to anything yet because there's going to be a fight between him and eric cantor coming up. >> stephanie: crazy cowboy, eric eric cantor. >> okay corral. and it won't be okay for you. it will be super okay for me because i moisturize. >> stephanie: oh, boehner boehner. ♪ ♪ i am just an orange boy ♪ ♪ i have squandered my influence for a pocketful of tax cuts for the filthy rich ♪ ♪ my eyes get wet still a man cries when he thinks about which fabric is the best ♪ ♪ on the house floor stands the boehner and he's whining constantly ♪ ♪ and the fiscal cliff reminds him of every vote that let him down ♪ ♪ as he cried out in his anger and his shame ♪ ♪ i'm weeping i am weeping but he still remains ♪ ♪ crying eyes ♪ ♪ crying eyes ♪ >> yea! rocky mountain mike. >> stephanie: rocky mountain mike never on vacation.
's on tap? >> we have a whole bunch of republicans who have signed that anti-tax pledge to grover norquist. i'm going to talk to one who is refeudiated that pledge. he thinks we have got work to do and pledges are not the business of government. when we come back on your money, i'll talk to ohio representative congressman steve latourette. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats and republicans is, quote, within reach as america ticks closer to the fiscal cliff at midnight. >> they
as small as possible the rich are as old as governments possible. the main spokesperson is this man, grover norquist. the americans for tax reform. he was almost regenerating all signs from republicans, signatures -- from republicans. this became 2011, when it came to we had the demanded that it reduce the deficit. because of the debt ceiling without a deal, the u.s. would lose its ability to borrow money. democrats, republicans, wanted a stricter tactics that shut down the government and ultimately cost the american it is trouble a credit rating in the first time in history. at the last moment, they both agreed to a trillion dollars in spending cuts and 1.2 trillion to be decided by a special congressional super committee. but a poison pill was attached. if this cannot be reached, this automatic across-the-board cuts as the sequester would go into effect starting january, 2013. at the exact moment when the abortion-era tax cuts required-bush-era tax cuts could have been expired like they did two years ago but once we often got drowned out by seemingly endless and continuous elections in am
is the grover norquist pledge that the officials, mainly republicans, have taken. it should be deemed unconstitutional. no elected official should be allowed to take any kind of pledge. when boehner presented plan b, he could not even get a vote on it because it would raise taxes for the million-dollar people. this is definitely a problem. i also think that no entitlement should be part of this when it comes to the senior citizens. their social security, they do not get paid that much. >> she was mentioning the bill that the speaker had to pull because he did not have the votes, the one that would raise income over those making over $1 million per year. a news reporter from "the washington post" talked about the cliff. the minority leader has appealed to the vice president directly in a last-ditch deal to avoid a fiscal cliff. kerry reid stepped back from the talks on the senate floor. and he had yet to hear back from the. -- from them. we will show you comments in a short while ago. taking your phone calls on the fiscal cliff with two days to go, the house and senate vote in a sessio
of all the games going on and there are you, grover norquist, a very bright guy still resolutely saying a pledge is a pledge is a pledge, it cannot be broken when many of your own party are now saying you know, what it doesn't make sense to have this irresolute position anymore. >> two things, the pledge is not for life. but everybody who signed the pledge, including peter king, who tried to weasel out of it -- shame on him as the "new york sun" says tonight. i hope his wife understands commitments last a little longer than two years or something. >> whoa, hang on, hang on. that was a bit below the belt, grover. >> hey, if you think a commitment is not for as long as you make it for, the commitment for the pledge as peter king well knows when he signed it is as long as you're in congress you will rein in spending and reform government, not raise taxes. it's not for 500 years or two generations. it's only as long as you're in the house or the senate. if he stayed too long, that's his problem. but you don't tell the bank, oh, the mortgage, wasn't that long time ago? if you make a commitme
norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't know where the pendulum will swing in the next direction. host: from one of our viewers -- on facebook -- guest: that's right. one of the points she raises is it's easy to look and collectors and say we will just drop 10% of this program and 20% off that program. but when you get down to the individual programs, we're talking state and local police departments, fire departments, teachers' pay, all sorts of programs that have different constituencies that you would feel the impact of som
. but in the end, the republicans are not free to talk taxes. they've bought on to grover norquist's no new taxes. and that sort of has set the stage for a complete failure on the broader efforts to deal with taxes and spending. so to avoid this utterly upness artificial fiscal cliff crisis, all they need to do is approve something small. but it's something republicans remain reluctant to do, and will only do, if they do, at the last minute, after having then str t demonstrated to tea party supporters they did everything they could. >> i wonder if we should be surprised. do you see any short term way to fix this? what is your thoughts about the chances here? >> yeah, listen, there are fewer competitive seats. many more safe seats, largely as a result of an idealogical and geographical sorting. gerrymandering contributing it to, but it's by no means the main factor. the things that we can do in the long run, but in the short term, republicans have to feel that they have to change, they have to open their party, broaden the base if they are to avoid falling into permanent minority party status. >>
and grover norquist gives a thumbs up to up? >> i don't think that was the strategy a week ago. i think the speaker was trying to put the deal together, as we've seen the senate not -- i think that may become the strategy. i've always thought they would wait until the last hour, put a band eight on it, but wait until the iii so they can vote for a tax cut makes sense as well. >> marjorie, there will be people on the left looking at this. this is basically a clean late. does the left look at this as a way for the president to stand firm in the fact that in one federal voice he was reelected on taxes going up. so is this going to be palatability to the left if the president is standing firm? >> absolutely. you've seen his numbers have increased since the election and also increased in how people view his handling of the fiscal cliff, while attitudes towards republicans are consistently bad and the blame and disapproval is only growing for them. it's costing them in the polls and at the polls this crisis of leadership, this consistent blocking that every obama has tried to do. it's really
will vote against this, grover norquist says boehner's plan b wouldn't raise taxes. under current law, the rates are set to go up. >> we'll talk to you again, soon, i'm sure, even if it's not that soon it will be in february or march when we have to revisit this all over again. gentlemen, thank you so much. >> take care. >>> a new here no our viewers, you don't want to miss "meet the press," david gregory sitting down with president obama. check local listings for "meet the press" tomorrow morning. >>> turn to weather now. another winter storm. marching north, promising snow. right now, crews and homeowners getting ready in pennsylvania. in massachusetts, coastal residents trying to secure their homes after the last storm, washed way some 20 feet of sand. people are hoping for cooler temperatures and fresh snow in some ski resorts. looking at this in rhode island. meteorologist dylan dreyer with the forecast. >> thanks, c.j. good morning. we're talking about more snow in the northeast. this time around, more of a new england snowstorm, especially southeastern new england. right now, t
. >> presidents of americans for tax reforms, grover norquist ond how his tax pledge has played a role in the cliff negotiations. we're back after a quick break. my eye on her... t but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. >>> we are hours away from the fiscal cliff itself. when a series of automatic tax hikes and spending cuts will take place in this country. the house of representatives of beginning legislative business in about 60 seconds or so, as we await any word on whether any potential deal is reached. negotiations involving mitch mcconnell and vice president joe biden, two men who worked together for more than 20 years in the senate. of course, the senate reconvenes at 11:00 a.m. eastern time, in about an hour. a quick look at how the markets are reacting on this final day of 2012. obviously a lot of indecision here, riding the flat line, trying to hed
-- quote from another player -- that is from culver norquist. -- grover norquist. he is suggesting that the gop's negotiating position in the fiscal debate is stronger than being reported. that is at grover norquist for you. others have weighed in as well -- as well. here is "the new york times" -- james in oklahoma, a democratic caller. what is your take? caller: my question is, who is running this country? is it the president, the congress, or is it the american people? the american people break the back to survive on a daily basis. congress does not have that problem. i may not get to eat just because to feed -- just to feed my kids. congress does not have that problem. they do not share the problems. they do not care about our problems. all as long as they get with it and what they got. thank you. host: alex in georgia, republican color. -- caller. caller: happy new year to everybody. i think it is a win, ironically, for republicans. i think anybody of any common- sense realizes -- i will even say you are going to say $300,000 and above, even for household, that is at the chair
. both times, boehner could not deliver because they refused because of grover norquist to allow any tax revenues whatsoever. we had meetings with the vice president, biden and cantor. cantor walked out of those meetings. he is the majority leader in the house. we had the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues. and a week before they were to report, buy virtue of statute, i get a letter signed by virtually every republican, too bad about the super committee, we're not going to do anything with revenues. so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover norquist. people who are rich, who make a lot of money, they are not opposing raising the taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so any time the speaker and the republican leader come to the president and say we have got a deal for you, the
norquist and his pledge? >> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other conservative groups say no. i think grover's pledge, i don't know where it goes from here. obviously is doesn't have as much teeth as is it did because there are people who are willing to buck it. >> i think the key thing with the grover pledge though is that republicans feel like they're in such a corner here, the house is in disarray, boehner doesn't really know where his caucus is going to go. they're not really worried about grover's pledge. they're more worried about rebuilding the party and surviving this horrible moment when they barely control one chamber. >> okay. so i want to run this by you. charles krauthammer from "the washington post" has suggested this kind of complicated theory that the president has a bigger plan here. wonder if we can play this tape of what he says the president's strategy is. >> he's been using this, a
the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose the ability to borrow money. both democrats and republicans deploy scorch earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to $1 trillion in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could'
, grover norquist. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> checking stories that are trending this hour, how about taking a look at this snake? it is a python, 17 feet long. wandered, i like that word, into a florida everglades picnic area. it was shot and killed by a park ranger. >> we just made your day a very exciting one. we just taxied off the taxiway into the grass here right off sierra right before alpha. and we are going to have to deplane
, grover norquist. president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories from raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. both democrats and republicans deploy scorched earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. >>> but in a last minnesota minute compromise, both sides agree to $1 trillion in spending cuts up front, and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect, starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could have all
by a small group of extreme republicans. we know that grover norquist may or may not have influence, but in the end, what is holding them back from a deal right now? >> one thing that is holding them back is that speaker boehner does not have full control over the conference. he has about 50 votes on the far right of the party that did not back his plan b to set a $1 million threshold. at the end of of the day, if a deal is going to be done, it is only going to happen if the center of both parties comes together. if you make any concessions significant to the democratic base, you will have concessions on the far right as well. that coalition is ultimately what got us across the finish line that ended the whole debacle of the credit rating, and here we are again. there is not that much time. if we go over the cliff, democrats are willing to put forth a bill to save the tax cuts, but it is the dysfunction that is the problem and the lack of predictable and the prediction of brinkmanship that has folks at home furious and it should. >> i am getting a lot of twitter activity on this, an
you just voiced that makes -- lends credence to the fact that this is a tax increase to some. grover norquist gave his blessing to the deal and justified it by saying republicans didn't technically raise taxes since the bush tax cuts expired on january 1st. he was on with our andrea mitchell today. look at what he had to say. >> no republican voted for tax increase. what happened was obama had the dam cleez over the people with the tax increase over the next decade that would happen automatically. the republicans are quite clear. they want the tax cuts extended for everyone. the president insisted on taking them away from some people. that'll hurt the economy. he got his tax increase, but he can't claim republican fingerprints on his tax increase. >> well, wait a second. i mean, we're not living in the alice in wonderland world here. there is a tax increase for wealthier americans. it's literally a tax increase. >> well, first of all -- >> rates are up. >> what happened yesterday was all the tax rates went up and then the republicans and congress together took them down for some peop
don't have to worry about their pledge to grover norquist or americans for tax reform, they will have a tax cut. i think people have been thinking all along that really if push comes to shove, we'll do it in the new year and that seems to be what's developing. >> it creates an interesting dynamic, you'd have a new congress sworn in on january 3rd and ordinarily everyone goes home, get your picture taken, that's it. you're essentially swearing in a new congress and moving to the floor. that's something we haven't seen in quite a while, i'd say in the modern era. >> one of the odd things on the first day is elect a speaker. the majority party puts up -- this time it would be john boehner. the minority puts up their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> th
is a way to walk the following line. allow their members to observe the grover norquist pledge and not raise taxes, which means they can't vote before midnight tomorrow to raise taxes. they could easily do that when the calendar turns into the next year. they could do that at any point, be consistent with their pledge and kind of walk away with their chins high. again, presumably observing some sort of line that the president supports about tax increases or in that case not having tax cuts for a few of the upper percentage taxpayers. that's something, again, that doesn't violate any republican pledge, so i think as a practical matter, and we heard this when plan "b" was pulled by speaker boehner, the perception is they can't allow themselves to vote for a tax increase. they don't want to get primaried, but come the new year they have an out which allows them to actually cut a deal. mitch mcconnell i think heinz what he says that he wants to get something done because they don't want to see the economy go into a tailspin. they read the same polls that you and i read which is tha
not deliver because they refused because of grover norquist not to allow any tax revenues whatsoever. meetings with vice president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover for vist. people who are rich who make a lot of money, her not opposing raising taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in ses
this and then the promised spending cuts, you know what they're all going hear in their head. grover norquist telling them they never come. they're the unicorn that doesn't exist. >> a lot of republicans at this point will say, you know what? after all of this they may not be saying publicly now, but they'll say let's just take the sequester and at least we'll be cutting some spending and we'll be cutting the actual spending and take that sequester. >> last word. >> i don't disagree with you and jimmy on this point. this is not a deficit reduction deal that will stabilize the debt to gdp ratio and that has to be -- that has to be one of the goals of a broader deal that now we're probably going to be looking for on the other side of the cliff. >> yeah. i don't know. it doesn't seem to be any part of the president's goal. jared, good to see you always. jimmy, you, too. we'll get you guys back in just a few minutes. we'll get you to the roundtable if you haven't had enough yet. what will it mean for banks? new analysis shows that the expiration ever tax cuts will improve bank savings in 2013, by, listen to t
one person's opinion carries disproportionate weight and that person is grover norquist. he's the head of americans for tax reform. they have got the pledge that mostly republican members of congress signed to say they won't increase taxes. now, understand this. the top marginal tax rate going from 35% to 39.6% is not a tax increase. it is a return to tax rates that would have taken place after the temporary bush tax cuts expired and got extended. so the way i see it, that cuts with designed to be temporary, but clearly norquist disagrees with me. >> let's say we let the bush tax cuts expire at the end of the year and then congress moved to increase tax rates. would that count? would that violate your pledge? >> that would clearly be -- look, you can't go to the american people and say we raised taxes $500 billion and then we cut it $400 billion, please only look at the cut, not the overall rate. if you raise taxes $100 billion on the american people, they're going to notice it. it doesn't pass the laugh test. >> now, people say he's just one guy. grover likes to say the pledge isn't t
in washington, d.c. we'll speak with grover norquist about the likelily hood of a deal in washington. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance.
're in favor of raising taxes, you signed grover norquist's pledge to not raise taxes. you're now rebuking. 450 for joint filers being the cuttoff. which classification of earnings you ultimately will see their taxes increase? >> well, lori, it is very difficult to understand where we go from here because i haven't seen the agreement and, when i look at what ply colleagues really objected to and what was referred to as plan. about, it is difficult to understand why this plan is anything other than a worse plan. there aren't any real spending cuts as i see. so i'm going to have to difficult time with it myself but i will wait to make a final decision until i see it. lori: i'm sure. phil swaying he will about, to you now. let's talk about the issue of spending cuts. you raise a wonderful point. there are expenditures exempt from budget cuts. entitlements. interest payments on the national debt. that said we need bigger entitlement reform. this is a big pick you are issue here, any cuts they're negotiating to avoid the cliff they're not meaningful. are you at all optimistic we can get to a discuss
are you talking about tonight? >> about this, grover norquist to talk about it. >> love him. >> he's got to be annoyeded. >> on where is the commonground. >> thank you, ger. crude at $90.98 a barrel, up $2.37 a barrel. weaker dollar adding to that too. you saw the pictures on the eastern sea board, middle east headlines pushing prices higher. reports say that iraqi kurds suspended production by 180,000 a day. that's going to be bullish news there on the price of crude. >> a lot going on, and not all the fiscal cliff i should say, thankfully. what it means for you and your taxes. you got to hear this. >> forget holiday cheer, the top box office winners ahead. as we do every day at this time, favorite time of the day, the bond yield. there's the ten year. the perceived security of u.s. debt, the long bond. back in a moment. ♪ >> here's your fox business brief. well, more good news for recovery in the housing market in october. the latest index shows prices in the 20citi watt group, 23% year over year. chicago and new york the only cities with annual negative returns. there's a deal with
the president and boehner, both times boehner could not deliver because they refused because of grover norquist to allow any taxes for revenues whatsoever. we had meetings with the vice president biden and cantor. he walked out of it. he's the majority leader in the house. we had this supercommittee and they were doing good things. good things. dealing with entitlements and revenues and a week before they were to report, by virtue of a statute, i get a letter signed by virtually every republican, too bad about the supercommittee. we're not going to do anything with revenues. >> okay. i think that's a good place to end this. what you're hearing is the history of what has happened to bring us to this point. i want to bring in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on
on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok.
it offends grover norquist. what role do the pledges play in our inability to compromise? >> well, i'm certain it does play a role. i've never signed these pledges because my obligation to the people who elected me and that's the way it should be for each member of congress, because times change. the circumstances change, you have to address the issue at hand. it is important to have extending the tax cuts for especially the middle income but secondly to put spending cuts on the table. we have a large debt problem and i understand as far as the republican position is concerned, so that does have credibility, and we have to come to the table on both of those issues, but i think more than anything else, what is deeply troubling is that you can't get congress and the president to reach any accord on anything. we can't even do routine business, let alone the matters that could affect the future of this country. >> olympia snowe you and what you represent will be missed in the senate. senator olympia snowe republican from maine who will not be in the next congress. >>> up ahead they're kn
just don't think it's equal. the democrats don't have a grover norquist that threat, the caucus if they even think about voting for taxes. i do think the u.s. public has seen the differences between the parties. >> i think a lot of people and certainly a lot of our viewers would agree with you on that. it's not necessarily equal blame right now. congresswoman bass, you have a safe trip back over to washington, d.c. and absolutely good luck over there. and if i don't talk to you again before next week, happy new year to you. >> happy new year to you as well. >> all right. and with an in-depth look at what all this cliff dwelling means, our nation's fiscal health, brian mcguinness is president of the committee for responsible federal budget and head of the fix the debt campaign. and i know this has to just be driving you crazy to be listening to some of these conversations that we have been having this morning. so how disappointing is it to you to hear about a possible small deal that keeps taxes from going up, which is a good thing for all americans maybe next week, but what does
as american politics but today the philosophy's main spokesman is this man. grover norquist. president of american's for tax reform. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the supercommittee can't reach a deal, automatic across the board cuts known as a sequester would go into effect be at the exact moment when those bush tax cuts extended for two years would expire. so the point is we could have all seen this coming and some of us did. we yelled at the top of our lungs about it but were drown
, listen to anti-tax activist, grover norquist. >> so we're not raising taxes, we're actually cutting taxes. >> you're saying because the bush tax cuts have expired yesterday? >> yes. >> and what about the democrats? vice president joe biden is very much back in the conversation for 2016, after a shout-out from the president. >> i want to thank all of the leaders of the house and senate. in particular, i want to thank the work that was done by my extraordinary vice president, joe biden. >> reporter: but there's one problem, the fiscal mess that is so big, even deficit hawk, alan simpson, did the gangnam style to call attention to it, hasn't gone anywhere. >> let me just say that if this is a problem that we haven't dealt with before the next presidential election, 2016, nobody should want or have that job, because the country will be in such bad shape. >> so the fiscal cliff was just a preview of coming attractions. votes on the debt ceiling and those spending cuts in the fiscal cliff are just around the corner. and they could, potentially, make or break some of the political careers of som
, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases. >> and it didn't even come to a vote in the house, because they couldn't approve boehner's plan. >> the vote in the house -- >> you're making my case. >> that was a ridiculous plan. >> they can't even get it to a vote in the house because they don't even have consensus on it. president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the house just confirm that? >> oh, come on because the senate is a joke. they haven't even been able to pass a budget in over three years. come on. >> the senate passed a deal in july that dealt with the amt. it dealt with dividends and capital gains and it dealt with the, the fundamental issue of the tax rates. so i mean -- >> no
. the for them to have to but the but of harrison -- we can i get past grover norquist. when there is no revenue that makes it hard. john boehner could not even pass a tax proposal remade where it would keep the taxes for everybody except those making over $1 million a year. they said, no, you cannot do that. i am here and happy to listen to anything necessary. mary history of giving the president aware >> congress has until december 31 to reach a deal on the fiscal cliff, otherwise tax increases and spending cuts go into effect. negotiations between congress and the president could take friday when all four leaders of the house and senate meet with the president at the white house. a look at the countdown to the fiscal cliff, the guest will be a white house honor. home on a ship and the united states with tools author of american the nightmare how neighbor -- america undermines the negotiation nightmare. more from militia and townsman of the u. s economic research surfaced and heron radcliffe. coming up on c-span, a discussion on the history of the new york times. an examination report on the i
allegiance to this grover norquist fellow. did they not realize that you have to have taxes to pay for these two wars that the republicans -- that was george w. bush who was in charge that time -- they started these wars. and yet, they are saying we have to control the spending. the spending is on these wars. so, let congress take a pay cut of about 35%, and take any revenue the dead and take that revenue and put it towards the debt to pay down our debt. our debt is caused by wars, not by social security, not by medicare. we people who work out here, we pay into social security. we pay into medicare. so, let them take a pay cut. if they want to start cutting everybody, how about congress taking a pay cut? thank you for taking my call. host: christian, your message to washington on this deadline day, about 9 1/2 hours before we reached the midline -- the midnight deadline. caller: i do not think we should now go over the fiscal cliff, and i do not think it is responsible whether you are republican or democrat. i think both parties should unite and work for all americans. it is not o
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